Safety first! Why protection is a must for all your devices
Since technology has become a staple in our lives in the form of various devices, it is not a surprise how often we spend paycheck after paycheck trying to maintain them. When we purchase any form of hardware devices, we take a precautionary measure in buying extra protection which in an ironic sense, only lasts to the specific period of the warranty.
Warranty is often regarded as synonymous with guarantee but the truth of the matter is that most of the claims are not covered within the plans that are purchased. Hardware device manufacturers mask the vulnerabilities of their products by promising flashy new innovations via their technology only to compromise on quality. With the introduction of insurance such as AppleCare, consumers are more confident in buying hardware devices, even though the space of risk for damage is still very much prevalent. The boon of using technology is almost paralleled with the banes of risk in security.
CoverCompared is the platform to help resolve these issues by providing the needed insurance protocols to our users to safeguard them against said risks. Around 87 million Americans had smartphone damage in the year 2020 alone resulting in consumers spending millions on its repair.
Just how insurance is provided for all important aspects of life, we believe that technology should be included within the same sphere. We are always looking for pathways to extend the boundaries of insurance and we believe that hardware protection is equivalent to any other item that would require adequate coverage.
CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products for the crypto world.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.